Johnson & Johnson (JNJ) Receives Buy Rating from Deutsche Bank

Deutsche Bank restated their buy rating on shares of Johnson & Johnson (NYSE:JNJ) in a research note released on Wednesday morning.

JNJ has been the subject of a number of other reports. Zacks Investment Research cut Johnson & Johnson from a buy rating to a hold rating in a report on Monday, April 9th. Jefferies Group set a $153.00 target price on Johnson & Johnson and gave the company a buy rating in a report on Friday, April 13th. Vetr cut Johnson & Johnson from a strong-buy rating to a hold rating and set a $124.55 target price for the company. in a report on Monday, March 26th. Credit Suisse Group set a $154.00 target price on Johnson & Johnson and gave the company a hold rating in a report on Monday, January 22nd. Finally, Royal Bank of Canada restated a buy rating on shares of Johnson & Johnson in a report on Tuesday, January 9th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $142.98.

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NYSE JNJ opened at $127.72 on Wednesday. The firm has a market cap of $350,226.03, a PE ratio of 17.50, a price-to-earnings-growth ratio of 2.08 and a beta of 0.74. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.41 and a quick ratio of 1.12. Johnson & Johnson has a twelve month low of $121.11 and a twelve month high of $148.32.

Johnson & Johnson (NYSE:JNJ) last released its quarterly earnings results on Tuesday, April 17th. The company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.06. The business had revenue of $20.01 billion during the quarter, compared to analysts’ expectations of $19.50 billion. Johnson & Johnson had a return on equity of 30.05% and a net margin of 1.58%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.83 EPS. equities analysts expect that Johnson & Johnson will post 8.11 earnings per share for the current year.

In other news, VP Paulus Stoffels sold 155,342 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $129.86, for a total transaction of $20,172,712.12. Following the sale, the vice president now owns 357,906 shares of the company’s stock, valued at approximately $46,477,673.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goodman Financial Corp purchased a new stake in shares of Johnson & Johnson in the fourth quarter valued at approximately $104,000. Harding Loevner LP purchased a new stake in shares of Johnson & Johnson in the second quarter valued at approximately $106,000. Stelac Advisory Services LLC purchased a new stake in shares of Johnson & Johnson in the fourth quarter valued at approximately $108,000. IHT Wealth Management LLC boosted its stake in shares of Johnson & Johnson by 46.4% in the second quarter. IHT Wealth Management LLC now owns 10,942 shares of the company’s stock valued at $122,000 after buying an additional 3,467 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in shares of Johnson & Johnson in the second quarter valued at approximately $124,000. 67.23% of the stock is currently owned by institutional investors.

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Johnson & Johnson Company Profile

Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. Its Consumer segment offers baby care products under the JOHNSON'S brand; oral care products under the LISTERINE brand; beauty products under the AVEENO, CLEAN & CLEAR, DABAO, JOHNSON'S Adult, LE PETITE MARSEILLAIS, NEUTROGENA, RoC, and OGX brands; over-the-counter medicines, including acetaminophen products under the TYLENOL brand; cold, flu, and allergy products under the SUDAFED brand; allergy products under the BENADRYL and ZYRTEC brands; ibuprofen products under the MOTRIN IB brand; and acid reflux products under the PEPCID brand.

Analyst Recommendations for Johnson & Johnson (NYSE:JNJ)

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